Health & Welfare Benefits Manager at Target

Solon, Ohio, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Manufacturing, FlooringIndustries

Requirements

Bachelor’s degree in Human Resources, Business Administration, or related field; advanced degree or CEBS certification a plus
5+ years of progressive experience in health and welfare employee benefits, including self-insured medical plan administration
Strong analytical skills with the ability to interpret data and make informed decisions
Collaborative, adaptable, problem solver, proactive, customer service focused
Excellent written and oral communication and interpersonal skills with the ability to influence and engage stakeholders at all levels
Demonstrated ability to plan and coordinate multiple projects/initiatives at the same time, adapt to changes and consistently meet deadlines
Organized and able to prioritize tasks, responding effectively to competing needs
Ability to handle confidential information with discretion
Experience managing vendor relationships

Responsibilities

Manage the design, funding, performance, and development of innovative health and welfare programs including medical, dental, vision, life & disability insurance, FSA/HSA to enhance employee experiences
Collaborate closely with benefit providers, brokers, and consultants to ensure high-quality service, cost-effectiveness, and seamless program execution
Monitor ongoing performance of health & welfare vendors and work alongside brokers to lead RFP processes and negotiate service agreements as needed
Ensure benefit plans remain in compliance with federal and state laws (ERISA, ACA, HIPAA, COBRA, etc.) and internal governance standards
Manage documentation, filings, and audits as needed
Monitor claims data, identify trends, and drive initiatives to manage plan costs while supporting employee wellness and access to care
Proactively communicate with finance in the event of large claims
Partner with Compensation & Benefits colleagues and HR leaders to support due diligence and integration of acquired organizations into existing benefit programs
Provide day-to-day leadership and coaching to benefits administration team members
Work closely with C & B Managers, HRIS, Payroll, Legal, HR Business Partners and Finance to ensure smooth operations, data accuracy, and alignment across Total Rewards initiatives
Partner with benefits broker and internal communication to create and maintain engaging communication materials

Skills

Health Benefits

Welfare Benefits

Vendor Management

Broker Management

Compliance

RFP

Negotiation

Program Design

FSA

HSA

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Target

Retailer offering diverse consumer goods

About Target

Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.

Minneapolis, MinnesotaHeadquarters

2005Year Founded

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Sick Leave

Paid Holidays

Paid Vacation

401(k) Retirement Plan

Employee Discounts

Risks

Increased competition from online-only retailers like Amazon threatens Target's market share.

Rising labor costs due to new minimum wage laws could impact profit margins.

Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.

Differentiation

Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.

The Target Circle loyalty program enhances customer engagement and shopping experience.

Target's commitment to sustainability and community support sets it apart from competitors.

Upsides

Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.

Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.

Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.

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